Southeastern Massachusetts Affordable Housing Corporation

Analysis

Southeastern Massachusetts Affordable Housing Corporation is a registered charity in United States, based in Brockton, MA. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southeastern Massachusetts Affordable Housing Corporation reported income of $910k and spending of $662k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $883k to $910k (+3.1%), an average of +0.8% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southeastern Massachusetts Affordable Housing Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include CCH Development Corporation ($910k), Upper County Eldercare Coalition Inc ($910k) and Reclaiming Chicago NFP ($909k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $6.1m against liabilities of $2.4m, net assets of $3.7m.